KuCoin has introduced KuCoin Pay, a new service that allows businesses to easily accept cryptocurrency payments. This solution helps bridge the gap between traditional retail and the growing crypto world by offering seamless, contactless transactions.
Merchants can integrate KuCoin Pay into their systems, letting customers pay with crypto by simply scanning a QR code.
With support for a wide range of cryptocurrencies, KuCoin Pay reduces transaction fees and speeds up payment processing. The service is also integrated into the KuCoin app, allowing users to purchase everyday items like gift cards and mobile top-ups, making crypto even more accessible. This launch marks an important step in promoting the use of cryptocurrency in everyday commerce.
KuCoin is a global cryptocurrency exchange that allows users to buy, sell, and trade a wide variety of digital assets. It provides tools for trading, staking, and earning rewards, as well as features like futures trading and margin trading.
KuCoin has also expanded into the Web3 space, offering solutions like decentralized finance (DeFi) services and KuCoin Pay for easy crypto payments. The platform aims to make digital assets more accessible to everyone, from beginners to advanced traders.
In the last year, KuCoin has experienced significant growth and made impressive strides in the crypto space. The platform saw a 106% increase in its spot trading volume during Q4 2023 which reflects a growing engagement and confidence among users. This surge was particularly strong in regions like Europe, Latin America, and the Middle East and Africa.
KuCoin also made strides in expanding its offerings by adding 149 new assets, bringing the total number of supported digital assets to 830. The number of trading pairs has also increased, now standing at 1,246. This growth was complemented by a strong increase in the user base, which hit 31 million by the end of 2023.
The company also introduced several new features to enhance user experience. One of the standout launches was the KuCard, a prepaid crypto card that quickly gained traction, with over 10,000 users signing up within a month.
KuCoin also hosted various educational initiatives, such as the “KuCoin Learn” platform, aimed at improving user knowledge of crypto and blockchain.
Additionally, KuCoin maintained a focus on security, with ongoing upgrades to its Know-Your-Customer (KYC) protocols and enhanced security measures, including a $1 million bug bounty program.
